India premium motorcycles market is projected to reach $ 161 million by 2023, on the back of rising youth population, increasing per capita income, and availability of a wide array of premium motorcycle models and easy financing options. Moreover, increasing number of CKD and SKD units, launch of newer and advanced premium motorcycle brands and models, rising popularity of superbike clubs and communities, and increasing biking culture are among the key factors expected to drive the country’s premium motorcycles market in the coming years.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019–2023
Objective of the Study:
- To analyze and forecast India premium motorcycles market size.
- To classify and forecast India premium motorcycles market based on engine capacity and regional distribution.
- To identify drivers and challenges for India premium motorcycles market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India premium motorcycles market.
- To identify and analyze the profile of leading players operating in India premium motorcycles market.
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Some of the major players operating in India premium motorcycles market include H-D Motor Company India Private Limited, Triumph Motorcycles (India) Private Limited, India Kawasaki Motors Pvt. Ltd., DSK Hyosung Limited, Suzuki Motorcycle India Pvt. Ltd., Piaggio Vehicles Private Limited, Polaris India Private Limited, BMW India Private Limited, Ducati India Private Limited, DSK Benelli India, etc.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of premium motorcycle manufacturers and distributors operating across India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major premium motorcycle companies across India.
TechSci Research calculated India premium motorcycles market size using a bottom-up technique, wherein sales volume data of different engine capacities, was recorded as well as forecast for the future years. TechSci Research sourced these value & volume from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, annual reports, press releases, World Bank, Society of Indian Automobile Manufacturers, Department of Commerce, India, Central Board of Excise and Customs were also studied by TechSci Research.
Key Target Audience:
- Premium motorcycle manufacturers, distributors and other stakeholders
- Associations, organizations, forums and alliances related to premium motorcycle market
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as premium motorcycle manufacturers, distributors and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India premium motorcycles market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Engine Capacity:
- 500-800cc
- 801-1600cc
- Above 1600cc
- Market, by Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies operating in India premium motorcycles market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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